(CNSNews.com) -- When making the case for reducing the Department of Defense budget, Congressman Barney Frank (D-Mass.), the current Chairman of the House Financial Services Committee said the Pentagon should not be “the world’s military.” Frank also said Americans are the “least useful people” to intervene in a non-western society militarily.

“It may be possible for a wealthy, western society, heavily to intervene in a non-western, non-white poor society and help them out but probably not us,” Rep. Frank said while participating in a panel discussion at the libertarian CATO Institute about reducing the United States’ defense budget.

“Given, much of what I think is unfair, the anger about America, the jealousies, whatever, we’re often the least useful people to go in there and all we do is make people angrier at us.”

Frank also claimed the Pentagon should not be the world's military.

“Our allies are telling us two things, first of all, you carry the defense burden. They’re worried in Western Europe about terrorism coming from Afghanistan and how are they manifesting that worry? By Germany and England and everybody else cutting their military forces and withdrawing their military forces," Frank said.

“So, on the one hand it is our obligation to be the world’s protector and we are pressed to do that. Well, they cut back on their military but on the other hand, they object to doing anything other than cutting the deficit. I will be again at the votes and they will talk about, ‘well maybe it’s time for the dollar not to be world’s standard.’ My answer to them is the Pentagon shouldn’t be the world’s military; if you really feel threatened, defend yourself,” he added.

Frank also expressed disapproval of the proposed missile defense system supported by President Barack Obama and NATO which is designed to defend countries like Poland and Bulgaria. The system will reportedly cost approximately $273 million over 10 years.

“Who is aiming missiles at Poland and Bulgaria? Does any body have any idea? We’re doing this apparently – it’s kind of a feel good thing and it’s very expensive therapy,” said Frank.